Johanes

AUDCAD Bearish 0.9400-0.9200-09100 and Lower

Short
FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
The AUDCAD was turned to upward in short term but the RBA interest rate cutting to change the interest rate differential struccture and result the AUDCAD to turn to downward/bearish. The turning point at 0.9400 and will be bearish down to 0.9200-0.9100 and lower. Unless the interest rate differential structure not to be changed, the AUDCAD will be prolonged to dowwnward in medium term. Short trade is feasible to follow.
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